That is not true. Better inform yourself before you make such comments. Gold had a fixed price and was backing USD. Government couldn't inject liquidity into the market without having gold. This is why they forcefully bought the gold back from people and gave them paper money instead. That's how they injected more liquidity into the market. Subsequently they repriced the gold higher and injected more liquidity as it allowed them to print more money.
This is only in my opinion, not offered or to be taken as financial advice. Not recommendation. Do your own research.
$3.90 valuation by GS updated, page-329
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20.3¢ |
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Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
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